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Chubbysumo

join:2009-12-01
Superior, WI
Reviews:
·Charter

reply to pnh102

Re: Opinions Are Fun!

said by pnh102:

quote:
Anti-municipal broadband bills are protectionist nonsense crafted by predatory bullies and passed by corrupt political halfwits.
And for those of us who are sick of local governments spending money they don't have (especially when they like to claim they are "broke") on such things, they are a breath of fresh air.

99% of the rest of their discresionary spending has no real public benefit(i know, i was very close to a medium sized city mayor). Most of these public broadband projects are financed with bonds that are payed back at such a low interest rate, that it does not affect the general funds budget ever, and only a very small portion of the actual funding comes directly from the city's general budget.


pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

said by Chubbysumo:

Most of these public broadband projects are financed with bonds that are payed back at such a low interest rate, that it does not affect the general funds budget ever, and only a very small portion of the actual funding comes directly from the city's general budget.

California, Illinois and many other now broke states have used bonds as a financing vehicle for many public works projects.

We all know how that turned out.
--
Romney 2012 - Put an adult in charge.

Telco

join:2008-12-19
Reviews:
·Callcentric

1 edit

Take out the Fed bosom that almost every red state but Texas and the GOP states are the next Greece.

The majority of states that receive more than they contribute in Federal taxes for example, are Red states. The majority of states that 'contribute' more than they receive are blue states. Funny how fixed / faux news and co fail to mention this huge fact.


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